Home / Business and Economy / Sagar Cements Sells 8.14% Andhra Cements Stake
Sagar Cements Sells 8.14% Andhra Cements Stake
8 Jan
Summary
- Sagar Cements plans to sell 8.14% stake in Andhra Cements via OFS.
- The stake sale aims to meet minimum public shareholding norms.
- The OFS will commence on January 9, 2026, for non-retail investors.
Sagar Cements Limited is set to divest an 8.14% stake in its arm, Andhra Cements, through an Offer for Sale (OFS). This strategic divestment aims to ensure compliance with minimum public shareholding regulations, a critical step for the company's governance. The promoter will offer up to 75 lakh equity shares, representing the specified stake in Andhra Cements' paid-up equity capital.
The OFS process is slated to begin on January 9, 2026, exclusively for non-retail investors. Subsequently, on January 12, 2026, the sale will be open to both retail investors and any non-retail investors carrying forward unallotted bids. This transaction will be conducted through a dedicated window on both the BSE and NSE platforms.
This stake sale occurs as Sagar Cements navigates a mixed operational environment. For the September quarter, the company reported a net loss of ₹42.17 crore, an improvement from the previous year's loss. Revenue saw a significant 27% year-on-year increase, reaching ₹601.8 crore, with EBITDA more than doubling due to margin expansion.
